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dc.contributor.authorDi Maria, Corradoen
dc.contributor.authorSmulders, Sjaken
dc.contributor.authorvan der Werf, Edwinen
dc.date.accessioned2011-01-20-
dc.date.accessioned2011-12-15T11:31:10Z-
dc.date.available2011-12-15T11:31:10Z-
dc.date.issued2008-
dc.identifier.urihttp://hdl.handle.net/10419/53201-
dc.description.abstractWe study the effectiveness of climate change policy in a model with multiple non-renewable resources that differ in their carbon content. We find that, when allowing some time between announcement and implementation of a cap on carbon dioxide emissions, emissions from non-renewable energy sources increase at the time of announcement. There are two channels behind this effect. First, since a binding constraint on emissions restricts energy use during some period of time, more must be extracted during other periods. Second, since low carbon energy sources are relatively more valuable when the policy is implemented, it is optimal to conserve them ahead of enforcement. This might induce a switch to high-carbon resources before the policy is implemented.en
dc.language.isoengen
dc.publisher|aFondazione Eni Enrico Mattei (FEEM) |cMilanoen
dc.relation.ispartofseries|aNota di Lavoro |x92.2008en
dc.subject.jelQ31en
dc.subject.jelQ41en
dc.subject.jelQ54en
dc.subject.jelQ58en
dc.subject.ddc330en
dc.subject.keywordClimate Policyen
dc.subject.keywordNon-renewable Resourcesen
dc.subject.keywordAnnouncement Effectsen
dc.subject.keywordScarcityen
dc.subject.keywordOrder of Extractionen
dc.titleAbsolute abundance and relative scarcity: Announced policy, resource extraction, and carbon emissions-
dc.typeWorking Paperen
dc.identifier.ppn644371102en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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